Tokyo stocks hit 4-wk lows as Wall St, dlr falter

[Gregorian]

Source: Reuters

TOKYO, Oct 22 (Reuters) - Japan's Nikkei average fell 3 percent on Monday, led down by exporters such as Toyota Motor Corp (7203.T: Quote, Profile, Research) as the yen hit a six-week high against the faltering dollar amid U.S. economic fears that have hit Wall Street.

The dollar fell to a six-week low of 113.40 yen <JPY=>, amid growing fears of tough economic times in the United States, a key export market for Japanese firms.

The slide in Tokyo followed a 2.6 percent fall for Wall Street's Dow Jones industrial average (.DJI: Quote, Profile, Research) on Friday, after a bleak outlook from construction equipment maker Caterpillar Inc (CAT.N: Quote, Profile, Research) -- a drop made more unnerving as Friday marked the 20th anniversary of the 1987 market crash.

Read more: http://www.reuters.com/article/companyNewsAndPR/idUST2723420071022

[neverforget]

1. All this bad news means the Dow will skyrocket Monday.

:eyes: